What is the average annual income of a real estate agent?

As of January 2019, the average annual earnings for real estate sales agents was $41,289, according to salary.com. How much money real estate agents make per year, however, depends on several of factors, such as number of real estate transactions, and commission fees.

What is the average commission rate for a real estate agent?

The standard commission rate for most real estate brokers is 6\%. This is usually split between the sales agent (listing agent) and buyer’s agent. However, that full 6\% isn’t really going to the sales agent and listing agent. It first goes to the listing brokerage.

How exactly does a real estate agent make money?

Key Takeaways Most real estate agents make money through commissions. A single commission is usually split multiple ways between the seller’s agent and broker, and the buyer’s agent and broker. The commission split depends on the agreements the agents have with their sponsoring brokers.

How much does a real estate realtor get paid?

How Much Do Real Estate Agents Make? The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics. 4 For…

How much do real estate agents make?

Here are some numbers from varying sources: The popular income sourcing site Payscale says real estate agents earn an average of $47,910 per year (year not cited). The National Association of Realtors (NAR), a popular real estate membership association, reports that in 2018 agents earned an average of $41,800 .

How much does a real estate agent?

On average, a real estate broker works on a flat commission that is shared by the brokerage. 99\% of the time, the seller will be the only one that pays out a commission to the agent. On average, the fee can range anywhere from 4\% to 6\% of the home value, but the industry standard is 6\%, which is split 50/50 with the buyer’s and seller’s agent.